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Long-term unemployment, the new challenge for many countries

January 6, 2014

Long-term unemployment, the new challenge for many countries
Source: International Labour Organization

Unemployment spells for workers are becoming longer in some countries compared to the pre-crisis situation in 2008, according to the new edition of the ILO Key Indicators of the Labour Market (KILM).

For example, in Spain, the United Kingdom, the United States, Serbia and Bulgaria, long-term unemployment has increased by 40 per cent or more in comparison to 2008.

The latest edition of KILM – an online reference tool offering data and analysis on the world’s labour market – includes information about the dynamics of job losses and job creation in 70 developed and emerging economies.

The new figures show that in countries with similar unemployment rates, there can be substantial differences in labour market trends.

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